Bayfield, La Plata County, Colorado Property Taxes
Median Bayfield, CO effective property tax rate: 0.36%, significantly lower than the national median of 1.02%, but lower than the Colorado state median of 0.55%.
Median Bayfield, CO home value: $379,230
Median annual Bayfield, CO tax bill: $1,437, $963 lower than the national median property tax bill of $2,400.
How are property taxes in La Plata County calculated?
Property taxes in Bayfield, CO are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Bayfield’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Bayfield, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Bayfield, La Plata County, Colorado Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.36%
Estimate Property Tax Bill
$1,365
$1,267
Property Tax Rates Across Bayfield, La Plata County, Colorado
Local government entities determine tax rates, leading to significant variability within a state. Each county, such as La Plata, estimates its budgetary needs annually to maintain services and divides this by the total value of all taxable properties within its borders, resulting in the property tax rate. While the process involves votes and legal stipulations, this is the basic annual procedure.
Bayfield in La Plata County, Colorado, offers a unique perspective on property tax rates. With the effective property tax rate in Bayfield at 0.36%, it is significantly lower than both the Colorado state median and the national median of 1.02%. This makes Bayfield an attractive location for property owners seeking lower tax burdens.
When comparing Bayfield’s rates to other cities within Colorado and the broader U.S., the difference is notable. This lower rate can be a compelling factor for prospective homeowners or investors looking to minimize expenses while still enjoying the benefits of property ownership in a desirable location. Understanding these variations can aid in making informed decisions about property investments and relocations.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Bayfield Tax Rate
0.36%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective La Plata County Tax Rate
0.25%
Median Effective Colorado Tax Rate
0.55%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Bayfield, La Plata County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81122 | 0.28% | 0.32% | 0.36% | 0.43% | 0.55% |
Source: Ownwell
Property Tax Assessment Values Across Bayfield, La Plata County, Colorado
When examining property taxes in Bayfield, CO, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The La Plata County Assessor's Office estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
In La Plata County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Bayfield.
For example, the median home price in Bayfield is $379,230, with tax bills ranging significantly across the county. Zip code 81122 has the highest median home price at $379,230.
Property Tax Assessment Values Across Bayfield, La Plata County, Colorado
Source: Ownwell
$125,730
$345,800
$565,870
Median Bayfield Market Value
$379,230
Median La Plata County Market Value
$472,120
Median Colorado Market Value
$405,540
Median United States Market Value
$235,294
Property Tax Assessment Values Across Bayfield, La Plata County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81122 | $127,894 | $275,630 | $379,230 | $490,100 | $655,910 |
Source: Ownwell
Property Tax Bills Across Bayfield, La Plata County, Colorado
Median Bayfield Tax Bill
$1,437
Median La Plata County Tax Bill
$1,300
Median Colorado Tax Bill
$2,283
Median United States Tax Bill
$2,400
Property Tax Bills Across Bayfield, La Plata County, Colorado
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 81122 | $579 | $1,030 | $1,437 | $1,899 | $2,505 |
Source: Ownwell